Reinsurance News
13th April 2021
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has announced the appointment of Reto Arrigoni as Global Head of Casualty Underwriting. At the same time, Enrico Mazza has been named as GC&C Italy Head of Underwriting and Tomasz Kukuła as ACEER (Austria, Central and Eastern Europe, ... Read the full article
26th March 2021
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has entered into a new partnership with NHAZCA, a spin-off from the Sapienza University in Rome that has expertise in satellite, aerial and terrestrial sensing services. Generali GC&C plans to leverage NHAZCA’s expertise in Satellite SAR (Synthetic Aperture ... Read the full article
15th March 2021
Italian insurer Generali is partnering with YAS Digital on Hong Kong’s first passenger microinsurance solution. Scope of coverage is extensive, and includes public transportation ranging from buses, mini-buses, trams, cable cars, MTR, and cross-harbour ferriess. RYDE with YAS has been launched to service Hong Kong's high ... Read the full article
11th March 2021
Italian insurer Generali has posted a net profit of €1.7 billion for 2020, down 34% from the €2.6 billion achieved in 2019. The company’s profitability was impacted by a €332 million liability management transaction, a contribution of the Extraordinary International Fund for Covid-19 and €287 million of impairments on investments mainly ... Read the full article
3rd March 2021
Italian insurer Generali has announced the appointments of Francesco Martorana as Group Chief Investment Officer, Bruno Servant as CEO of Generali Insurance Asset Management (GIAM), and Tim Rainsford as CEO of Generali Investments Partners. In his new position, Martorana will to Sandro Panizza, Group Chief Insurance & Investment Officer, and take ... Read the full article
1st February 2021
Italian insurer Generali has announced a new streamlined organisational structure for its 2021 plan along with a number of senior promotions. The structure has been designed to address key strategic priorities for the continued successful delivery of the Generali 2021 plan, whilst preparing the group for its next strategic cycle. It's expected ... Read the full article
12th January 2021
European insurance and reinsurance federation, Insurance Europe, has re-elected Franco Urlini, Group P&C, Claims and Reinsurance Director at Generali, as Chairman of its General Insurance Committee. Having held the position since 2013, Urlini's re-election sees him take on the role for an additional three-years. Insurance Europe seeks to raise awareness to issues ... Read the full article
31st December 2020
Global insurer AXA has entered into an agreement with Generali to sell its insurance operations in Greece for a consideration of €165 million. The agreement will see AXA sell its Life & Savings and Property & Casualty businesses in Greece, and is seen as a continuation of the insurance giant's simplification journey, ... Read the full article
18th December 2020
Generali’s P&C division Global Corporate & Commercial UK has announced a strategic partnership with Power Energy Risk (PERse), a US-based renewable energy underwriter and part of the Ryan Specialty Group (RSG). Generali GC&C UK hopes to enhance its existing capabilities by partnering with PERse and bolstering its expertise in the renewables ... Read the full article
16th December 2020
Generali and professional services firm Accenture have created a joint venture designed to leverage cloud technologies and shared technology platforms, in an effort to accelerate the Italian insurance giant’s digital strategy. In addition to holding a 5% ownership stake in Group Operations Service Platform (GOSP) Accenture will provide the venture with ... Read the full article
15th December 2020
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has announced the appointment of Zaid Alami as Head of Financial Lines Underwriting Asia. Based in the regional hub in Hong Kong, he will be responsible for leading the financial lines business across the region. Alami has nearly a ... Read the full article
13th November 2020
Generali has reported a 40% decline in Group net profit for the first nine months of the year to approximately €1.3 billion, while gross written premiums (GWP) increased slightly, year-on-year, to roughly €52 billion. The Group's net profit was impacted by €310 million in net impairments on investments related to the ... Read the full article
26th October 2020
Reports suggest that mutual insurer Macif and a consortium consisting of Generali and investment firm CVC Capital Partners are readying their bids for an acquisition of Aviva’s business in France. Last month, sources at Reuters said a consortium of Allianz and life re/insurer Athora Holding were in talks to takeover ... Read the full article
22nd October 2020
Italian insurer Generali has announced a partnership with ALLFINANZ, Munich Re’s insurtech subsidiary. Adopting ALLFINANZ will help Generali to improve the accuracy of its life insurance underwriting decisions by enabling it to automatically manage life insurance applications globally. By harnessing ALLFINANZ, Generali will automate each phase of its life insurance application process, ... Read the full article
13th October 2020
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has announced the appointment of Alan Moore as UK Branch General Manager. Reporting to CEO Manlio Lostuzzi, Moore will also retain his current role as Head of GC&C UK. Moore has 25 years’ experience in the re/insurance sector, ranging ... Read the full article
